Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 29% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
126k-150k 1 0
176k-200k 2 0.3 0
201k-225k 2 0.3 0
226k-250k 4 1 0.7 0
251k-275k 2 14 1 1.2 0.9
276k-300k 6 35 10 1 1
301k-325k 19 58 11 0.5 2
326k-350k 45 115 17 0.4 2.3
351k-375k 45 121 21 0.4 2.2
376k-400k 57 151 24 0.4 2.3
401k-425k 43 96 10 0.4 2.7
426k-450k 66 89 16 0.2 4.4
451k-475k 34 68 6 0.3 3
476k-500k 29 62 7 0.4 2.8
501k-550k 53 88 13 0.3 3.6
551k-600k 43 47 5 0.2 5.5
601k-650k 16 36 5 0.4 2.7
651k-700k 9 15 3 0.3 3.6
701k-750k 9 13 2 0.2 4.2
751k-800k 4 7 2 0.3 3.4
801k-850k 5 6 0.2 5
851k-900k 2 1 0.1 12
901k-950k 2 0.3 0
951k-1m 2 0
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 5 0
1.5m-1.6m 1 2 2 0.3 3
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.75m-3m 1 0
9.01m-10m 1 0

Townhouses 25% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
176k-200k 1 0
201k-225k 2 2 0.3 0
226k-250k 2 4 0.3 3
251k-275k 11 1.8 0
276k-300k 17 19 2 0.2 5.4
301k-325k 18 10 2 0.1 10.8
326k-350k 11 16 2 0.2 4.1
351k-375k 8 20 3 0.4 2.4
376k-400k 32 37 6 0.2 5.2
401k-425k 25 40 3 0.3 3.8
426k-450k 14 18 2 0.2 4.7
451k-475k 9 3 0.1 18
476k-500k 2 2 0.2 6
501k-550k 3 4 0.2 4.5

Condos 20% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
126k-150k 1 0.2 0
226k-250k 3 0.5 0
251k-275k 1 4 0.7 1.5
276k-300k 1 2 0.3 3
351k-375k 2 0.3 0
376k-400k 4 0.7 0
401k-425k 1 1 0.2 6
426k-450k 1 2 0.3 3

Land 11% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 2 1 0.1 12
51k-75k 5 0
76k-100k 3 4 0.2 4.5
101k-125k 3 0.5 0
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 5 0
226k-250k 2 1 0.1 12
251k-275k 1 0
276k-300k 2 0.3 0
326k-350k 1 0
376k-400k 1 0
426k-450k 1 0
501k-550k 2 0.3 0
651k-700k 2 1 0.1 12
801k-850k 2 1 0.1 12
851k-900k 1 0.2 0
901k-950k 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 1 0.2 0
2m-2.25m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
5.01m-6m 1 0